Juhl Wind Inc. recently closed on the acquisition of the 10.2 MW Woodstock Hills wind farm, located near the company's headquarters in Woodstock, Minn.
Juhl was the original developer of the project, which was placed in service in 1999 and was previously owned in concert with two significant companies in the energy business as its institutional investor partners, according to the company.
The 10.2 MW wind farm utilizes 17 Vestas V-44 turbines and sells the wind power to Xcel Energy under the terms of a long-term power purchase agreement.
Juhl paid $400,000 to acquire a controlling 99.9% ownership interest alongside the .1% local owner. The company expects the wind farm to continue to generate revenue of approximately $1.2 million per year as it has historically.